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Real Estate Investors (LON:RLE) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Real Estate Investors logo with Real Estate background

Key Points

  • Real Estate Investors Plc's share price recently surpassed its 200-day moving average, currently trading at GBX 32.19 ($0.43).
  • The company reported a significant negative net margin of 106.92% with an earnings per share (EPS) of GBX 0.85 for the last quarter.
  • Real Estate Investors has a market capitalization of £56.64 million and a notably high price-to-earnings ratio of 4,908.48.
  • MarketBeat previews top five stocks to own in November.

Shares of Real Estate Investors Plc (LON:RLE - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 31.36 ($0.42) and traded as high as GBX 33 ($0.44). Real Estate Investors shares last traded at GBX 32.19 ($0.43), with a volume of 281,380 shares changing hands.

Real Estate Investors Price Performance

The firm has a market cap of £56.64 million, a price-to-earnings ratio of 4,908.48 and a beta of 0.66. The firm's fifty day moving average is GBX 31.75 and its 200-day moving average is GBX 31.36.

Real Estate Investors (LON:RLE - Get Free Report) last released its earnings results on Tuesday, September 23rd. The company reported GBX 0.85 earnings per share (EPS) for the quarter. Real Estate Investors had a negative net margin of 106.92% and a negative return on equity of 12.67%. As a group, equities research analysts anticipate that Real Estate Investors Plc will post 4.3650794 EPS for the current year.

About Real Estate Investors

(Get Free Report)

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

Further Reading

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